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      Question

      The marked price of a product is Rs.320 more than the

      cost price. If 15% discount offered on the marked price and the profit percent on that product is 27.5%, then find the cost price of the product.
      A Rs.520 Correct Answer Incorrect Answer
      B Rs.480 Correct Answer Incorrect Answer
      C Rs.600 Correct Answer Incorrect Answer
      D Rs.640 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the CP of the product be Rs.x ┬а And MP = Rs.(320 + x) ┬а According to question, ┬а => (x ├Ч 27.5/100) = [(x + 320) ├Ч 85/100] ┬а => (x ├Ч 27.5) = [(x + 320) ├Ч 85] ┬а => x = Rs.640

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